$INIT /USDT.

Current Price: $1.1375 (▼ -2.35%)

24h High / Low: $1.2462 / $1.0106

MA60: $1.1267 (Price above MA60 — minor bullish bias)

Recent Vol: 5,224.9 (light volume on recent candle)

Context: Price recovering from dip, but still below key resistance near $1.15–$1.18.

🔍 Market Snapshot

Trading just above MA60 but below recent minor highs.

Volume shrinking, suggesting momentum stall unless renewed buyer interest emerges.

Recovery off 24h low is intact, but hesitant near short-term resistance zone.

⚙️ Trade Scenarios

Scenario 1: Support Bounce (Pullback Entry)

Entry: $1.125–$1.130 (retest of MA60)

Target 1: $1.165

Target 2: $1.190

Stop: Below $1.115

Scenario 2: Breakout Continuation

Entry: Break and hold above $1.1480

Target 1: $1.1850

Target 2: $1.2200

Stop: Below $1.130

Scenario 3: Breakdown & Rejection

Entry: Breakdown below $1.115

Target 1: $1.085

Target 2: $1.045

Stop: Above $1.130

🧭 Key Technical Levels

LevelRole$1.246224h High$1.1480Local Resistance$1.1267MA60 (Support/Flip)$1.1150Breakdown Pivot$1.010624h Low

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